Dr Mumbo: Omnicom’s shares drop as Omicron variant pops up

The shares of Omnicom Group on the New York Stock Exchange have done a curious thing over the weekend, with a sharp decline on Friday from US$68.94 to a low of US$66.26.

Dr Mumbo cannot help but note that the drop in Omnicom’s shares seems to coincide with the news hitting around the world of the latest variant of COVID-19 labeled as Omicron, which shares remarkable similarities in name.

The drop in Omnicom Group's shares

The drop in Omnicom Group’s shares

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